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Enhanced FTC Powers: New Rules and Penalties for Unfair Practices

This act strengthens the Federal Trade Commission (FTC) by granting it greater authority to create rules regarding unfair or deceptive practices. This means the FTC can respond more quickly to new consumer threats and impose financial penalties on companies that violate these rules. The goal is to better protect citizens from fraud and unfair market activities.
Key points
The FTC gains authority to more quickly create new rules protecting consumers from unfair practices.
Financial penalties will be introduced for companies that violate rules concerning unfair or deceptive acts.
The changes aim to increase citizens' financial security and protection against market fraud.
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Additional Information
Print number: 117_HR_4447
Sponsor: Rep. Castor, Kathy [D-FL-14]
Process start date: 2021-07-16